When I first stepped into this circle, I thought I was quite smart. A month later, my account balance told me - I was overthinking.

Most newcomers make the same mistake: treating contracts like slot machines. Their eyes are glued to the candlestick chart, and all they think about is getting rich. In the end? They end up feeding their principal to the market makers.

I have gained a few experiences from my losses, which may not necessarily be correct, but at least they were bought with real money:

First, try with 200-300U. At this level, you won’t lose everything, and if you make a profit, don’t think about going to the Maldives. The key is to develop two habits - first, strictly execute stop-loss, set it and don’t change it; second, control your hand, don’t get impulsive when you see a big bullish candle. If you can master small funds, you’ll be better than 70% of people.

Don't fumble around alone. I blew my position three times before I realized that learning from experienced people is more effective than grinding through a hundred tutorials by myself. Once you get a feel for it, you can increase your position to around 800U. At this stage, the focus is not on technique, but on mindset – don't get inflated when you earn, and don't get anxious when you lose.

The most fatal thing is the gambler's mindset. I have seen too many people treat trading like guessing the heads or tails of a coin; losing everything is just a matter of time. Remember this: living long is ten thousand times more important than earning quickly.

Wait until you can truly control your emotions, then use a reasonable position like 8000U to operate. By that time, you will understand that stable profits are much more solid than occasionally doubling your investment. The market won't run away, so why rush to turn things around in a day?

To be honest, these are lessons I learned by paying tuition. Now I write them out, hoping to help newcomers avoid some pitfalls. Whether it's ETH or other coins, the gameplay is the same – first learn to survive, then think about making money.